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Alastria, A Blockchain Consortium For Spain

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On Tuesday, Alastria, a non-profit blockchain consortium, was presented across cities in Spain. Led by technology executives from major Spanish companies, Alastria is positioning itself as a national tokenization platform and will reportedly focus its efforts on the development of a permissioned, digital ID.

On October 17, 2017, Alastria was publicly unveiled in Madrid, Barcelona, Bilbao, Valencia, and Málaga. The non-profit consortium describes itself as a semi-public, permissioned blockchain infrastructure. Alastria is a multi-sector organization, drawing experts from the finance, telecommunications, and energy industries, as well as attracting partnerships with universities.

“Agreements have already been signed with renowned centres and, in addition, it will be an open process in which a significant number of institutions and university centres will be added,” explains the press release for Alastria’s announcement. Apparently, the consortium is also in conversation with representatives from the Spanish government about potential collaborations and training sessions.

“It is not easy for so many important companies to decide to bet [on] a project together from the very beginning,” said Alastria president Julio Faura, who also serves as head of blockchain research and development at Banco Santander. “That’s the best proof of the incredible potential that this technology and the consortium have.”

“We should be proud that a pioneering and unprecedented project throughout the world has been born in Spain, which places the industries of our country at the forefront of digital transformation,” he added.

Alastria CEO Alex Puig echoed Faura’s sentiments. “Blockchain has the potential to become the biggest breakthrough in history in the way we share any digital element, whether it’s a document, a service, a show ticket or money,” said Puig. “The internet is being reinvented so that we can share and do business in a verified and secure way,” he elaborated, “but it is necessary to have a standard that allows all industries and the developer community to work with the same base.”

The Alastria network will facilitate tokenization and “multisector innovation.” So, how much will membership cost? According to a presentation posted on the Alastria website, annual dues are as follows:

10,000 euros for large businesses

5,000 euros for medium-size enterprises

500 euros for small businesses and startups

For those interested, Alastria posted an introductory video today (Spanish).

Also, a comprehensive – but provisional – list of members is available below (taken from the press release on the Alastria website):

Matthew is a writer with a passion for emerging technology. Prior to joining ETHNews, he interned for the U.S. Securities and Exchange Commission as well as the OECD. He graduated cum laude from Georgetown University where he studied international economics. In his spare time, Matthew loves playing basketball and listening to podcasts. He currently lives in Los Angeles. Matthew is a full-time staff writer for ETHNews.